Equated monthly installment. An equated monthly installment (EMI) is defined by Investopedia as A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full..
Quote definition, to repeat (a passage, phrase, etc.) from a book, speech, or the like, as by way of authority, illustration, etc. See more.
When to quote. 1  when the author's words convey a powerful meaning. 2  when you want to use the author as an authoritative voice in your own writing. 3  to introduce an author's position you may wish to discuss. 4  to support claims in, or provide evidence for, your writing.